Discover tells me they are not doing settlements

how far behind are you on your payments? they won't settle if you are current or not too far behind. i settled with them last month for 33% of what my balance was, but i hadn't made any payments in a year.

simple....if you've only missed 2 payments they will not offer anything.....at Discover.....settlement discussion starts after 90 days usually 80% then each month behind after that they will drop 5-10% until they sell it.

pretty much every creditor tells people that they do not settle at first. in my research, i have found this to be due to the fact that the person telling you this is told that they do not do settlements, and honestly believes that. in other cases, they are misrepresenting the fact that their department does not do settlements. your accounts need to 'age' before they are willing to accept less than the full amount.

I'm 3 months behind with Discover and the best they will do at this time is 9% interest but they want access to my bank account. I've been dealing with the hardship department. Their number is 800-347-3554.